MADISON ó The Department of
Workforce Development released Thursday the U.S Bureau of Labor
Statistics preliminary employment estimates for the month of August.
The data shows that Wisconsinís Labor Force Participation Rate
remained at 67.2% in August, 4.0%t better than the national rate of
Wisconsinís unemployment rate in August was 3.1%, 0.6% lower than
the national rate of 3.7%.
Some of the highlights of the data include: ó Place of resident
data: Wisconsinís preliminary seasonally adjusted unemployment rate
in August was 3.1%, up slightly from the August 2018 rate of 3.0%,
but near the historic lows achieved earlier this year. Wisconsinís
labor force participation rate in August was 67.2%. The national
labor force participation rate in August was 63.2%.
ó Place of work data: Wisconsin added 8,300 private- sector jobs
from August 2018 to August 2019, and 1,900 total non-farm jobs over
the same period. Over-the-month, Wisconsinís private-sector jobs
declined by 1,400, while total non-farm jobs declined by 3,500.
ďAlong with the countryís, Wisconsinís workforce is aging rapidly,
with thousands retiring across the country daily,Ē DWD
Secretary-designee Caleb Frostman said. ďTo replace retiring
workers, while also filling new positions, Wisconsinís employers and
workforce partners, very much including DWD, will need to continue
their aggressive, creative, and inclusive workforce recruitment
efforts. We look forward to building on our strong partnerships to
attract and retain the best and brightest here in Wisconsin.Ē